Tommorrow is the last day for holders to get their rights applications and money in. If this holds up in the next few weeks post rights then it will prove this company has turned the corner as new investors want in. My money says it has already turned.
If there are any sharp drops in the shareprice you can almost bet its Boonen's Zodiac Capital offloading more of the ex MDM shares. Why are they offloading is anyones guess ? But one thing is obvious, it has been desperate selling.
The sharpish rebound today indicates there are plenty of players waiting in the wings ready to swoop in.
HGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held